The post 7 New Cryptocurrencies to Watch This December appeared first on Coinpedia Fintech News
With the next crypto bull run seemingly around the corner, investors are scrambling to find the best new cryptocurrencies that could yield the highest gains.
This article provides seven early-stage projects showing the most potential. We consider factors like price, tokenomics, utility, community, and more.
Bitcoin ETF Token
Bitcoin ETF Token is a new cryptocurrency that rewards holders in line with key Bitcoin ETF milestones. The project is currently in its presale stage, having raised over $2 million in just three weeks.
It is a deflationary token that will burn 5% of its total supply at five different ETF events. This will induce a sense of scarcity when the hype is highest, potentially attracting massive buy pressure.
The project also features a 5% burn tax on each transaction, reducing its circulating supply over time. The tax will be reduced by 1% at each ETF milestone to incentivize long-term holding and ensure a smooth and high-potential IEO.
Another exciting mechanism is its staking feature, which currently offers a 117% APY. Presale buyers can begin staking immediately but must hurry because rewards will decrease as more tokens are staked.
Users can also browse the latest Bitcoin news and updates from the project’s website, rendering it a community hub rather than merely a financial instrument.
Yet, the Bitcoin ETF Token presale will be short-lived, with the ETF approvals quickly approaching. The project essentially tokenizes Bitcoin’s most impactful trend, presenting market participants with a once-in-a-lifetime opportunity.
Meme Kombat
Meme Kombat is an emerging Play-to-Earn meme coin, incorporating the prevalent crypto-gambling trend to tap into multiple audiences in one project.
It has already raised over $2 million in its presale and received backing from top industry analysts. One of those is Michael Wrubel, who recently explained reasons he is bullish to his 310K YouTube subscribers.
The project lets users gamble on AI-generated meme battles using the $MK token. This provides a fun, gamified alternative to crypto casinos while boasting the convenience and friendly user experience that caused them to gain prominence.
Meme Kombat’s whitepaper states there will be multiple seasons, each comprising new characters, battle modes, and rewards. It also features traditional odds mechanics, creating a truly immersive and engaging gambling experience.
Its novel use case puts it at a massive advantage over other meme coins, which are often limited to hype and speculative demand only. Meanwhile, Meme Kombat has the same viral potential while adding utility and staking demand.
Users can stake their $MK for a 380% APY. So far, over 10 million tokens have been staked, and the project has paid out over 2 million $MK in rewards.
Currently, the Meme Kombat presale price is $0.225, but this is set to rise to $0.235 in five days.
Bitcoin Minetrix
Another new project presenting tremendous potential is Bitcoin Minetrix. This crypto offers a revolutionary use case that disrupts the Bitcoin mining industry.
With Bitcoin Minetrix, users can cloud mine BTC by staking $BTCMTX on its Ethereum-based platform. This concept tackles several Bitcoin mining issues and has propelled Bitcoin Minetrix to become one of the hottest presales of the year, raising over $4.6 million in two months.
The project enables anyone to mine Bitcoin, regardless of technical background or financial resources. This is because there are no hardware or upfront and overhead costs requirements; users only need an Ethereum-compatible wallet and $BTCMTX tokens.
It works by users staking $BTCMTX in return for Bitcoin mining credits, which they can burn for cloud mining power.
The decentralized and user-owned $BTCMTX token eradicates the risk of cloud mining scams, which have previously fared as a significant barrier to adoption in the industry.
What’s more, the token boasts tremendous long-term upside potential. This is because there will be a steady demand stream since users require it for staking. Meanwhile, many tokens will be locked for mining, and rewards will be paid out in mining credits, massively limiting $BTCMTX’s sell pressure.
The Bitcoin Minetrix presale currently costs $0.0119, but this is set to increase shortly, so investors should act fast.
TG Casino
TG Casino is a trending crypto casino that offers anonymous, KYC-free gambling with countless perks and cutting-edge tokenomics.
The casino is available directly from the Telegram application, providing a convenient and secure way for users to place bets. Furthermore, it is accessible to Telegram’s one billion users, who can gamble unrestricted worldwide, thanks to its end-to-end encryption.
Another benefit is its robust security, being one of the only licensed and regulated Telegram-based casinos. Its team also recently passed a KYC audit, and it received a flawless smart contract audit from blockchain security firm Coinsult.
There are hundreds of games and sportsbook events for users to gamble on, and $TGC holders get breathtaking benefits like 25% cashback on losses, free rewards, access to exclusive games and rooms, a 182% staking APY, and up to a 200% rakeback bonus.
These benefits mean the token will be in high demand should the casino fare popular. Despite just launching, TG Casino already boasts over 2,000 active players and has had $30 million wagered on its platform. This indicates the $TGC token has a bright future.
Market participants can buy the $TGC presale for $0.17 but must hurry as its price will rise in 14 hours.
Gorilla
Gorilla is a newly launched meme coin cross-DeFi ecosystem, offering a unique blend of viral allure and futuristic financial technology from one cryptocurrency.
The project launched in mid-November but has regularly found itself on CoinMarketCap’s top trending list, illustrating significant community interest and strong price potential.
It holds a $9.8 million market cap, presenting tremendous room for growth to catch market leaders like Pepe, Shiba Inu, or Dogecoin.
The GORILLA price is $0.01382, up 1,061% in the last week but down 24% today. It is also down 45% from its $0.02414 all-time high (ATH) on Thursday.
Gorilla’s flagship product is an IDO Launchpad, which will provide new projects with all the necessary tools to launch a token. It handles everything from security to marketing, ensuring smooth and successful IDOs where the project’s team and community benefit.
It also features a 5% sales tax on IDOs, which will be directed back to the Gorilla ecosystem. This presents a sustainable way for Gorilla to grow while also rewarding its holders.
The project also features a cross-chain swap protocol and an innovative peer-to-peer trading application.
Pyth Network
Another new crypto boasting strong fundamentals is Pyth Network. It is a well-established decentralized oracle provider, currently serving over 230 applications.
According to its website, the project provides reliable and fast “mission critical” data feeds to blockchain smart contracts.
Despite the project already being well-established, its token only launched on 21 November via an airdrop to 90,000 wallets.
Currently, it is priced at $0.3889 with a $591 million market cap and 15% circulating supply. This puts its fully diluted market cap (FDV) at $3.9 billion.
While its FDV is undoubtedly high, its robust use case, tier-one partnerships, and improving market conditions provide an argument for much more upside potential.
The PYTH token will be used for on-chain governance, meaning holders can make key decisions regarding the project’s future development. This could be of key interest to ecosystem stakeholders.
Pyth has partnered with leading TradFi and crypto-native institutions to provide pricing data, including Jane Street, Binance, Cboe, CMS, and many more.
It currently serves price feeds to over 35 blockchains, and developers can buy this data as they need it with its “Data On-Demand” service.
Kaspa
The last new crypto to watch this year is Kaspa, a pioneering Proof-of-Work blockchain leveraging a novel concept for increased scalability while maintaining decentralization.
Kaspa began as a fair launch in November 2021, and network participants can earn the coin by mining, like Bitcoin. However, it leverages a “BlockDAG ” technology, which allows blocks created in parallel to coexist.
This enables the blockchain to maintain a high block rate of one block per second while retaining high security and decentralization.
Its price has soared recently, up 5.75% today and 162% this month. It currently holds a $2.9 billion market cap and is down 12% from its ATH.
Many analysts believe that Kaspa is the future of blockchain technology. Cryptographur stated that “there is no next Kaspa,” reasoning that Kaspa took over ten years of research and development.
The project’s strong performance have also recently earned it a place on CoinMarketCap’s top trending list.
Looking ahead, one of the main drivers for Kaspa’s price could be the rising transaction cost on the Bitcoin Network. As network activity increases in the bull run, transactions become much more expensive, forcing investors to seek cheaper alternatives.
Given Kaspa’s intricate and pioneering approach to scalability and security, this could put it at the top of the list as a viable Bitcoin alternative.
#PressRelease [Source: Coinpedia]